Dish Network Corp. is getting 75 percent of what it wants from federal regulators poised to approve the satellite TV company’s wireless broadband ambitions. But being shy of a total victory may derail Dish founder Charlie Ergen’s big gamble and push the company to sell its wireless spectrum, worth $8 billion by some estimates.

But the FCC proposed making Dish (Nasdaq: DISH) use 5 megahertz of those frequencies at a lower power than the Douglas County-based satellite TV company wants.

Making Dish Network power down on those frequencies would let a neighboring, unused block of frequencies called the H Block be auctioned by the FCC for what experts believe will be more than $1 billion.

Dish using neighboring frequencies at full power created a risk of interference for mobile broadband using the H Block — a risk that may have made the H Block worth less at auction.

The most likely buyer of the H Block would be Overland, Kan.-based Sprint Nextel Corp., the wireless company that’s been jostling with Dish Network at every turn as it bought the satellite spectrum in two bankruptcy auctions and then spent 18 months seeking regulatory approval to use it.

FCC approval of Dish Network’s application for mobile broadband use adds an estimated $5 billion in value to spectrum the company bought for $2.9 billion. That benefit to Dish was enough for the FCC to warrant ensuring that Sprint got its spectrum wishes, too, the agency has indicated.

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